Barclays sails out of choppy waters

Friday, March 20, 2015

Barclays Bank Botswana has turned the corner to register profit growth for the first time in three reporting periods on the back of a robust increase in non-interest income.

In an environment characterised by tight liquidity, squeezed interest margins and a freeze on bank charges, Barclays Bank recorded a 16 percent rise in profit after tax to P335.9 million for the full year ended December 2014.

The 16 growths represent a weighty recovery from the 34 percent and 18 percent profit plunge suffered in 2013 and 2012 respectively.

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